Wellington Management Group LLP Buys Shares of 928,333 American Homes 4 Rent $AMH

Wellington Management Group LLP purchased a new position in shares of American Homes 4 Rent (NYSE:AMH) in the second quarter, HoldingsChannel reports. The fund purchased 928,333 shares of the real estate investment trust’s stock, valued at approximately $31,118,000.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its position in American Homes 4 Rent by 10,728.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 751 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 441 shares during the last quarter. Parallel Advisors LLC grew its position in shares of American Homes 4 Rent by 84.8% in the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 442 shares during the period. Bessemer Group Inc. increased its stake in American Homes 4 Rent by 70.3% in the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 483 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in American Homes 4 Rent in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack Corrigan bought 6,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $22.42 per share, for a total transaction of $134,520.00. Following the completion of the purchase, the director owned 22,000 shares of the company’s stock, valued at $493,240. This trade represents a 37.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMH shares. Scotiabank lifted their price target on American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup restated a “market outperform” rating on shares of American Homes 4 Rent in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price target on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company increased their price target on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus price target of $36.83.

American Homes 4 Rent Price Performance

AMH opened at $32.52 on Friday. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $35.07. The company has a 50 day moving average of $33.80 and a two-hundred day moving average of $31.78. The company has a market cap of $11.73 billion, a P/E ratio of 25.81, a P/E/G ratio of 5.84 and a beta of 0.79. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. The firm had revenue of $470.10 million for the quarter, compared to analyst estimates of $466.51 million. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.American Homes 4 Rent’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, analysts expect that American Homes 4 Rent will post 1.91 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 15th. American Homes 4 Rent’s payout ratio is presently 104.76%.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.